Bitcoin Investor Caution Continues, As Market Remains Stagnant

Investing, News | February 13, 2018 By:

Bitcoin continued in a narrow trading range today, as cautious digital currency investors keep looking for the wind direction on this volatile market after the recent major price collapse.

At mid-morning, bitcoin traded in the $8,600 range, down slightly from Monday, but within a small range. The rest of the cryptocurrency markets remained equally stagnant, with most of the top 20 down a few percentage points or less.

Bitcoin market highlights for the 24 hours ending February 13, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $9,009.57 on the HitBTC exchange at 6:42 pm yesterday. HitBTC saw $59,228,100 of bitcoin change hands.

The lowest price seen was $8,369.70 on Bitfinex’s exchange at 5:24 am today. Bitfinex’s 24 hour volume was $388,152,000.

The average price on the surveyed exchanges, as weighed by volume, was $8,664.96.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 41.8. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 9 different exchanges. It includes only BTC/USD trades and only on those exchanges that had at least 1% of the total volume of BTC/USD trades during the measurement period.